BOVEY, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKEPLACE FOUNDATION, founded in 2022, is a small nonprofit in the Mental Health sector that reported $102K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $37K, a strong 37% operating margin.
THE FOUNDATION WILL OPERATE A RETREAT CENTER LOCATED IN RURAL NORTHERN MINNESOTA FOR THE USE BY THIRTY-TWO MINNESOTA STATEWIDE ALANO SOCIETIES AND OTHER NONPROFIT, TAX-EXEMPT CHEMICAL DEPENDENCY SUPPORT GROUPS INCLUDING ALCOHOLICS ANONYMOUS (AA) AND NARCOTICS ANONYMOUS (NA).
THE PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING NONPROFIT TAX-EXEMPT RECOVERY ORGANIZATIONS AND RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND FAMILIES A NO COST, SCENIC AND RELAXING...
THE PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING NONPROFIT TAX-EXEMPT RECOVERY ORGANIZATIONS AND RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND FAMILIES A NO COST, SCENIC AND RELAXING LOCATION WITHOUT THE TEMPTATION TO ENGAGE IN CHEMICAL USE TO PARTICIPATE IN SMALL GROUP PROGRAMMING, TAKE SAFE RESPITE FROM INPATIENT AND OUTPATIENT TREATMENT PROGRAMS, REBUILD DAMAGED FAMILY BONDS, AND STRENGTHEN RELIGIOUS AND SPIRITUAL BELIEFS. BY PROVIDING A LOCATION IN WHICH THESE ACTIVITIES CAN BE CONDUCTED AMONG OTHER INDIVIDUALS FACING SIMILAR STRUGGLES, THE FOUNDATION HOPES TO PROVIDE RECOVERING CHEMICALLY DEPENDENT INDIVIDUALS AND THEIR FAMILIES WITH ADDITIONAL TOOLS TO SUPPORT THEIR RECOVERY AND INCREASE THE LIKELIHOOD THAT INDIVIDUALS WILL ACHIEVE AND MAINTAIN LONG-LASTING RECOVERY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $101,659 | $109,053 | -0.1% |
| Expenses | $64,216 | $57,522 | +0.1% |
| Net Income | $37,443 | $51,531 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DENNIS MEDVED | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA HARLING | SECRETARY/TREAS | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER MEDVED | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERNEST MILLER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| LEANEL JOHNSON | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN DRAPPEAU | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY JORDAN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $101,659 | $64,216 | $3,041,054 | $37,443 |
| 2024 | $109,053 | $57,522 | $2,960,815 | $51,531 |
| 2023 | $54,688 | $47,317 | $2,898,773 | $7,371 |
| 2022 | $3,000,000 | $108,598 | $3,000,000 | $2,891,402 |
| 2022 | $3,000,000 | No data | $3,000,000 | No data |
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